Visa price target raised to $310 from $300 at BMO Capital

BMO Capital raised the firm’s price target on Visa to $310 from $300 and keeps an Outperform rating on the shares as part of a broader research note previewing Q3 earnings for Financial Technology names. Fintech stocks have underperformed both the Financial Select Sector SPDR Fund (XLF) and the S&P500 year-to-date, with significant dispersion in share price performance across the firm’s coverage universe, but the firm remains “broadly bullish” on the medium-term setup for Fintech stocks, with investors increasingly rewarding consistency of execution and credible top-line/gross profit acceleration narratives, the analyst tells investors in a research note. For Visa, the firm also sees improved FY25 guidance and diminishing DOJ lawsuit concerns.